Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Pectra Testnet Exploit: Ethereum's Pectra upgrade on Sepolia testnet faced an exploit, causing empty blocks to be mined. Developers fixed the issue but delayed the mainnet upgrade for further testing.

2. 🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “Paradex Network Potential Airdrop Guide” to learn more on how to qualify and participate in the Paradex Network Potential airdrop!

3. Bitcoin Outlook Amid Dollar Drop: Analyst Jamie Coutts predicts a weaker US dollar could boost Bitcoin but warns of short-term volatility from bond market shifts. Long-term prospects remain bullish despite near-term risks.

4. 💡Feature of the Day - Binance Introduces Token Voting: Binance launched a governance system allowing users to vote on token listings and delistings, increasing transparency and quality control as new tokens flood the market.

   
   All this and more in today’s headlines!

📰 News Highlights:

Pectra Testnet Attack [Source][Source][Source][Source][Source]

Ethereum's Pectra upgrade on the Sepolia testnet encountered issues after an unknown user exploited a technical loophole, causing empty blocks to be mined.

The problem began when the deposit contract triggered the wrong event type, leading to an error.

An attacker further complicated matters by sending zero-token transfers to the deposit address, exploiting the edge case.

Ethereum developers quickly deployed a private fix to mitigate the issue and stabilize the testnet.

Despite resolving the problem, Ethereum co-developer Marius van der Wijden noted that the incident exposed vulnerabilities in their testnet deposit contracts.

🪂Airdrop Essentials🎁:

Paradex Network Potential Airdrop Guide

Paradex Network is a high-performance decentralized exchange (DEX) focused on perpetual futures trading, operating on a fast and low-cost Layer-2 network.

Backed by Paradigm, a major institutional liquidity provider, Paradex aims to bridge the gap between CeFi and DeFi, offering deep liquidity and self-custodial trading.

With its Mainnet now live, early users might have a chance to qualify for a future airdrop, though nothing is confirmed yet.

👉 Read our full Paradex Network Airdrop Guide for more details.

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Bitcoin Outlook Amid Dollar Drop [Source][Source][Source]

Real Vision analyst Jamie Coutts believes the weakening US dollar could drive Bitcoin’s price higher but warns of potential risks from Treasury bond volatility and widening corporate bond spreads.

Despite a four-month low for the US Dollar Index (DXY), volatility in US Treasuries could create liquidity tightening, negatively impacting Bitcoin's short-term performance.

Coutts describes Bitcoin as playing a "high-stakes game of chicken" with central banks.

💡 Feature of the Day: 

Binance Token Voting [Source][Source]

Binance announced a new community governance mechanism allowing users to vote on token listings and delistings.

This change aims to increase transparency as the number of cryptocurrencies grows exponentially.

Projects that fail to show progress, provide regular updates, or have inactive development teams may face delisting if voted out by the community.

Binance will still conduct due diligence before listing any project.

😂 Crypto Meme of the Day: 

Meme of the day provided by @gauravagrwal

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com